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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
May 11, 1953
Page
17
Disjointed OCR data shows Dow Jones and stock figures with numeric runs and percentages. Several prices and changes appear, but many entries are garbled and not fully legible, leaving an unclear snapshot of index levels and movements.
New York markets edged up on selective trading as most steels, aircrafts, chemical and rubber shares rose while retail and metal mining firms fell. Volume reached about 4.1 million shares versus 1.22 million Friday. United Aircraft gained one point to 38 as it raised its quarterly dividend to 75 cents from 50 cents.
The American Stock Exchange moved irregularly higher with narrow changes and selective trading. Le Tourneau’s business unit bought by Westinghouse Air Brake Co rose to 32.3. Corporate bonds gained with rails posting substantial increases amid a moderately active market. Demand was steady across large and low-priced carrier liens, with most indicators showing an upside trend though some issues fell back late.
Grain futures showed pressure early with wheat near lows while May wheat strengthened to a premium and corn stayed soft. Livestock prices rose with hogs at a high not seen since 1950, cattle steady to higher, and feeders and calves trading around mid 20s.
A dense OCR fragment lists numerous stock prices, tickers, and numbers from a New York Stock Exchange page. It mentions various firms such as Amex Goren and Am Bosch alongside hundreds of stray figures and partial names, forming an unreadable jumble of closing values and volumes.
New York report shows April construction contracts in 37 eastern states totaling $5.186 billion, a 10 percent rise from the first four months of 1952. The year-to-date figure for 1953 is 11 percent above the same period in 1952, indicating a continued boom.
Classified ads promise easy access to good help, asking readers to call Ph. 6-9071 for dividends of convenience and efficiency.
Hay prices show mixed figures with barley and hay offerings. Prices: hay at 38.50 to 41.00 per unit. oats and barley listed around 38.00 to 49.00. references to nominal quality and No 1 grade. Local market notes indicate fluctuating values and regional observations.
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